MIAX

MIAX — Valuation Models

Interactive models with editable assumptions. All calculations run client-side.

Valuation Summary

ModelIntrinsic Valuevs Price ($42.82)
DCF$5.02-88.3%
Graham Number
Reverse DCF
DDM
EV/EBITDA$39.96-6.7%

Values reflect default assumptions. Adjust inputs in each model below to update.

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: —
Rev: 14.1% / EPS: 772.5%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$5.02
Current Price$42.82
Upside / Downside-88.3%
Net Debt (used)-$459.76M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term764.5%768.5%772.5%776.5%780.5%
7.0%$5.02$5.02$5.02$5.02$5.02
8.0%$5.02$5.02$5.02$5.02$5.02
9.0%$5.02$5.02$5.02$5.02$5.02
10.0%$5.02$5.02$5.02$5.02$5.02
11.0%$5.02$5.02$5.02$5.02$5.02

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $-1.86
Yahoo: $10.30

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.
Graham Number
Current Price$42.82
Margin of Safety
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Reverse DCF requires positive TTM free cash flow.
Current Price$42.82
Implied Near-term FCF Growth
Historical Revenue Growth14.1%
Historical Earnings Growth772.5%
Base FCF (TTM)
Implied growth is the FCF growth rate (yrs 1–5) that makes the DCF intrinsic value equal the current price. Long-term growth is set to half the implied near-term rate.

4 — Dividend Discount Model (DDM)

Assumptions

Yahoo: —

Results

This company does not pay a dividend. DDM is not applicable — the intrinsic value shown uses D0 = $0 unless you enter a hypothetical dividend above.
DDM Intrinsic Value / share
Current Price$42.82
Upside / Downside
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $123.32M
Current: 26.0×
Default: -$459.76M

Results

Implied Equity Value / share$39.96
Current Price$42.82
Upside / Downside-6.7%
Implied EV$3.20B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$2.46B-$1.46B-$459.76M$540.24M$1.54B
22.0x$56.40$45.49$34.58$23.67$12.76
24.0x$59.09$48.18$37.27$26.36$15.45
26.0x$61.78$50.87$39.96$29.05$18.14
28.0x$64.47$53.56$42.65$31.74$20.83
30.0x$67.16$56.25$45.34$34.43$23.52